4//SEC Filing
Kallingal Tony P 4
Accession 0002102022-26-000004
CIK 0001518715other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:47 PM ET
Size
13.2 KB
Accession
0002102022-26-000004
Insider Transaction Report
Form 4
Kallingal Tony P
EVP & Chief Banking Officer
Transactions
- Award
Class A Common Stock
2025-09-02+10,216→ 10,216 total - Award
Class A Common Stock
2025-09-26+20,000→ 30,216 total - Tax Payment
Class A Common Stock
2025-12-31$14.63/sh−4,367$63,889→ 25,849 total - Award
Incentive Units - Deferred
2025-09-02+38,214→ 38,765 total→ Class A Common Stock (38,214 underlying) - Award
Incentive Units - Not Deferred (2024)
2025-09-02+13,742→ 13,742 total→ Class A Common Stock (13,742 underlying)
Footnotes (6)
- [F1]Received in exchange for an aggregate of 3.09 shares of Mechanics Bank ("MB") original voting common stock and MB restricted stock units in connection with the merger of HomeStreet Bank, a wholly owned subsidiary of Issuer, with and into MB, pursuant to which MB continued as the surviving corporation and as a wholly owned subsidiary of Issuer (the "Merger").
- [F2]As consideration for the Merger, (i) each share of MB voting common stock converted into the right to receive 3,301.0920 shares of Issuer Class A Common Stock, which, on the effective date of the Merger, had a closing price of $13.87 per share, (ii) each MB restricted stock unit of the Reporting Person converted into restricted stock units of Issuer for the right to receive 3,301.0920 shares of Issuer Class A Common Stock, and (iii) each MB incentive unit of the Reporting Person converted into incentive units of Issuer of the economic equivalent of 3,301.0920 shares of Issuer Class A Common Stock.
- [F3]Each incentive unit is the economic equivalent of one share of Issuer Class A Common Stock.
- [F4]The Reporting Person has elected to defer payment on such incentive units until the earlier of (i) the retirement or termination of the Reporting Person, or (ii) a change in control of Issuer.
- [F5]Includes 551 incentive units acquired on December 15, 2025 pursuant to dividend reinvestment.
- [F6]The incentive units vest in three equal annual installments beginning February 15, 2026.
Documents
Issuer
Mechanics Bancorp
CIK 0001518715
Entity typeother
Related Parties
1- filerCIK 0002102022
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:47 PM ET
- Size
- 13.2 KB